G-20 Report Says Trade Reform Could Help Boost Farm Yields
A recently drafted report by international agencies for the leaders of the G-20 group of countries recommends to discipline import and export restrictions and to support the WTO-OECD initiative for aid for trade in order to increase farm yields. Download G20 Draft Report on Sustainable Agriculture. Read ICTSD analysis of G20 Draft Report.
ADB-IADB seminar tackles improving Asia-Latin America economic ties
In a mere decade, the manufacturing prowess and insatiable hunger for natural resources of Asia’s two most populous economies have made Asia the second largest trading partner of Latin American countries. On 5 May, President Kuroda and Inter-American Development Bank President Luis Alberto Moreno therefore launched a joint publication on Shaping the Future of Asia-Latin America and the Caribbean Relationship. Read news.
Dealing with the “Noodle Bowl” of Asia’s Free Trade Agreements
Masahiro Kawai and Ganeshan Wignaraja discuss the impact of Asia’s "noodle bowl"of Free Trade Agreements (FTA) on businesses based on firm-level surveys in seven countries. Read more.
Aid for Trade in the Asia-Pacific: Its Role in Trade-Driven Growth
Report from the Co-Chairs of the Regional Technical Group (RTG) on Aid for Trade for the Asia-Pacific (2012)
This first RTG Co-chairs report-Aid for Trade in the Asia-Pacific: Its Role in Trade-Driven Growth-takes stock of the Asia-Pacific experience and identifies the way forward for the WTO Aid for Trade Initiative in the region. Aid for Trade offers the opportunity to close the gap between the two faces of the region. Download.
Production Networks and Trade Policy in Turbulent Times
In the wake of the Global Financial Crisis, trade patterns are changing with significant impact on Asian economies. ADB and ADBI are pleased to announce the second capacity development workshop entitled “Production Networks and Trade Policy in Turbulent Times” scheduled for 16-18 May 2012 in Manila. It will address key trade policy issues facing the Asia-Pacific region. See agenda.
News Alert
Macroeconomics
German Chancellor Merkel rejects renegotiating fiscal pact after French votes
German factory orders rose more than forecast in March
Hong Kong[, China] foreign currency reserves increase in April
India delays tax plans after foreign outcry
Indonesian GDP growth slows to 6.3 percent
Monetary Authority of Singapore 'firmly committed' to price stability in the medium term
Regional Cooperation
ASEAN urged to defer single currency plans
Bangladesh to buy power from India's open market
India eyes $12 billion trade with Pakistan
India mulls opening new land routes
Indian High Commissioner Sabharwal: India, Pakistan working to liberalise business visa regime
Pakistan invites Japan to invest in energy sector
Weekly Trade Spotlight
Historic accord on government procurement
After more than 10 years of negotiations, the parties to the Government Procurement Agreement (GPA) successfully reached consensus on a revised set of rules during the WTO’s eighth ministerial meeting in Geneva last December 2011. Key outcomes of the negotiation are increased transparency in rules, new market access coverage, and facilitated accession procedures for developing countries. Read full story.
Featured Publication
ADBI WORKING PAPER SERIES NO. 329 : CAN ASIA SUSTAIN AN EXPORT-LED GROWTH STRATEGY IN THE AFTERMATH OF THE GLOBAL CRISIS?
The paper investigates the following question: is it likely that Asian countries will be able to pursue the pre-crisis patterns of rapid growth? The authors find that the proportion of total Asian country
exports destined for industrialized countries is the most robust correlate of real per capita GDP growth in the pre-crisis years. The paper finds that in a post-crisis world could still witness rapid growth
in Asian countries, albeit based on the growth of tradable production for domestic consumption rather than exports. View PDF.
Source: Asian Development Bank Institute
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